tax cuts were worth the cost. they'd add to our deficits without really boosting the economy. i believed that the best way to help the economy, and working families, was to keep middle class tax rates low, and cut taxes for working parents, college students, and small businesses. and i believed that with millions of people looking for jobs, it would be a terrible mistake to end unemployment insurance -- not only for people who are out of work, but for our entire economy. so we hammered out a deal that reflects ideas from both sides. it wasn't easy, and it's by no means perfect. and as with any compromise, everybody had to live with elements they didn't like. but this is a good deal for the american people. the vast majority of the tax cuts in this plan will help the middle class, including a new cut in payroll taxes that will save the average family about $1,000. and as this plan is debated in congress, what i want to make clear is the real difference it will make in people's lives. it's going to make a difference for a single mom with two kids in ohio working as a cashier. with this plan, she'd get a new payroll tax cut and a bigger child tax credit together worth more than $2,300.